Wednesday, July 24, 2013

The New Railway Era?

Globalization is dependent upon low cost transportation.  Trade between China and some parts of the world is being supported by old fashioned railroads.  Rail transportation is also growing in the US.  It provides the lowest cost transportation within the US and between internal US markets and our shipping ports.  Rail transport will also grow as the cost of oil increases.  Warren Buffet has invested heavily in railroads.  He is usually quicker than most in spotting a bargain. 

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